Historical Price Inflation for Owners' equivalent rent of residences

Prices for Owners' Equivalent Rent Of Residences, 2008-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were
23.23% higher
in 2018 versus 2008.

Between 2008 and 2018:Owners' equivalent rent of residences experienced an average inflation rate of 2.11% per year.
This rate of change indicates significant inflation.
In other words, owners' equivalent rent of residences costing $20 in the year 2008 would cost $24.65 in 2018 for an equivalent purchase.
Compared to the overall inflation rate of 1.44% during this same period, inflation for owners' equivalent rent of residences was
similar.

In the year 2008: Pricing changed by 2.51%,
above the average yearly
change for owners' equivalent rent of residences during the 2008-2018 time period.
Compared to inflation for all items in 2008 (3.84%), price inflation for owners' equivalent rent of residences was
lower.

Price Inflation for Owners' equivalent rent of residences since 1982

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing:
1986 (5.50%),
1985 (5.46%),
and 1990 (5.39%).

How to calculate the inflation rate for owners' equivalent rent of residences, 2008-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2008* 2008 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 252.426 in the year 2008 and 311.054 in 2018:

311.054 / 252.426* $20 = $24.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $24.65 in 2018 (in the category of Owners' equivalent rent of residences).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Owners' equivalent rent of residences in 1982. In addition to owners' equivalent rent of residences, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.